Insurance
Home›Insurance›Industry & Deals›AGI launches AI-enabled insurance brokerage growth pla…
AGI launches AI-enabled insurance brokerage growth platform
The Atlanta-based retail brokerage plans to acquire independent agencies nationwide and target more than $10 million in revenue by the end of 2026.
American Growth Insurance (AGI) has launched as an AI-enabled insurance brokerage growth platform, backed by nearly $70 million in committed equity funding from Rockbridge Growth Equity and venture capital studio Atomic, Reinsurance News reports. The company describes itself as a retail brokerage serving specialty commercial and personal lines clients.
AGI plans to acquire independent insurance agencies and brokerages across the US and rebuild them as AI-native operations. Ahead of its first acquisition, AGI said it partnered with 10 agencies over the past year to develop and test its AI-first operating model, driving average agency profitability up more than 50% through revenue growth and productivity improvements.
With its first acquisition closed, AGI said it plans to complete several more to surpass $10 million in revenue by the end of 2026. CEO Brian Morgan said the company will deploy custom-built native AI technology tailored to the operations of its partner firms, aiming to combine modern technology with producer development and traditional client relationships.
Rockbridge Growth Equity partner Tony Pulice said AGI is intended to help smaller brokers leverage technology while maintaining high-touch service for customers, while Atomic’s Michael Stenclik added that the firm evaluated more than 1,000 service industries before committing to insurance distribution.